There's Upside for Intel

The chip giant's shares got a lift following an upgrade from Jefferies. But the stock has further to climb.

A glowing analyst report had pushed shares of Intel up 3%, in midday trading. But the chip-giant has the earnings power to climb even higher.

In upgrading Intel (ticker: INTC) from a Hold to a Buy, Jefferies argues that almost $60 billion in investments by the semiconductor maker over the past three years has paved the way for faster, better and...